Stock Market Update for 29-11-2018

Stock Market Update India
Indian Stock Market Update

Market Outlook

Nifty continue its bull run for third straight session. Exactly,As per our previous technical note market reach the levels 10728-10760. Final session of the day market witnessed a profit booking trend and closed around 10720.

Nifty Closed on 10721.75 (28.11.2018)

Nifty Hold on gain after a gap up opening near 10700 from previous day closing level of 10686. On the Second half Market witness minor profit booking trend. On the technical front Market likely witness profit booking on the coming session. Nearest possible upside likely around 10817-10830.

10680 crucial pivot point. Once break & sustain below the levels for a while Index likely witness short build up and can see slide towards 10600.

“Overall trend remain on Bull side until break below 10500 on closing basis”

F&O Ban Stocks: Adan Enterprises, Adani Power, DHFL

Key Event to Watch

The release of the minutes from the Federal Open Market Committee’s November meeting.